The following ratios are available for Tym Inc.
| Current ratio Don't use plagiarized sources. Get Your Custom Essay on the following ratios are available for tym inc 534041 For $10/Page 0nly | 2012 | 2011 |
| Receivables turnover | 1.3:1 | 1.5:1 |
| Inventory turnover | 12 times | 10 times |
| 11 times | 9 times |
Instructions
(a) Is Tym”s short-term liquidity improving or deteriorating in 2012? Be specific in your answer, referring to relevant ratios.
(b) Do changes in turnover ratios affect profitability? Explain.
(c) Identify any steps Tym might have taken, or might wish to take, to improve its management of its receivables and inventory turnover.
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